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FTSE 250 movers: Travel & leisure stocks gain; AO World slides
The FTSE 250 was up 0. 8% at 19,737. 48 in afternoon trade on Tuesday.
FTSE 100 movers: Rolls-Royce rallies; JD Sports retreats
London’s FTSE 100 was up 1. 3% at 6,418. 31 in afternoon trade on Tuesday.
Barclays upgrades Meggitt, Senior
Barclays upgraded Meggitt and Senior on Tuesday as it took a look at the European aerospace and defence sector.
UK retail sales fall in November amid second lockdown - CBI
UK retail sales fell in November amid the second lockdown but sales are expected to stabilise once restrictions are eased, according to the latest survey from the Confederation of British Industry.
London midday: Stocks gain on Biden transition; travel & leisure sector rallies
London equity markets had extended gains by midday on Tuesday, with sentiment boosted after Donald Trump authorised President-elect Joe Biden's official transition process to begin and following reports that former Federal Reserve chair Janet Yellen is in line to be the next US Treasury Secretary.
German Ifo index falls again in November
German business sentiment deteriorated in November for the second month in a row, dented by the second Covid-19 wave, according to a survey released by the Ifo Institute on Tuesday.
JPMorgan upgrades IMI to 'overweight'
JPMorgan Cazenove upgraded engineer IMI to ‘overweight’ from ‘neutral’ on Tuesday and hiked the price target to 1,300p from 1,100p, noting the stock has underperformed over the past five years as a challenging 2014-2018 period led to a dislocation between narrative and financials and resulted in "investor fatigue".
AO World swings to interim profit as online demand grows
AO World said on Tuesday that it swung to a profit in the first half as strong demand amid the pandemic boosted revenues, but shares in the online electricals retailer slid as investors took some profits after a strong run.
Headlam hit by cyber attack
Headlam said on Tuesday that it has been hit by a cyber security incident involving unauthorised access to some of its computer systems.
Greencore raises £90m in placing; FY profits slump
Convenience food producer Greencore said on Tuesday that it has raised £90m in a placing to help it weather the pandemic, after it reported an 81% slump in full-year pre-tax profit.
London open: Stocks rise on vaccine optimism, US politics
London equity markets rose in early trade on Tuesday, with travel and leisure stocks underpinned by vaccine optimism and news of a shortened travel quarantine from next month.
Cranswick interim profits rise as in-home consumption grows
Food producer Cranswick posted a jump in interim profit and revenue on Tuesday thanks to "exceptionally robust" demand across all of its categories as in-home consumption grew during the pandemic.
London pre-open: Stocks to rise after positive US session
London stocks were set to rise at the open on Tuesday following a positive close on Wall Street.
Tuesday newspaper round-up: No-deal Brexit, Equiti Capital, Debenhams
The governor of the Bank of England, Andrew Bailey, has warned that the economic cost of a no-deal Brexit would be bigger in the long term than the damage caused by Covid-19. Bailey said failure to agree to a deal before the Brexit transition expires at the end of December would cause disruption to cross-border trade and damage the goodwill between London and Brussels needed to build a future economic partnership. - Guardian.